The currency pair Pound Dollar GBP/USD continues to move within the development of the decline and descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3604. Moving averages indicate the presence of a short-term bearish trend. Prices broke through the area between the signal lines downwards, which indicates the pressure from the sellers of the currency pair and the potential continuation of the instrument’s decline. At the moment we should expect an attempt to develop a bullish correction of the British Pound against the American Dollar and a test of the resistance area near the level of 1.3655. From where we should again expect a rebound of the pair quotes downward and the continuation of the fall of the currency pair of the British Pound against the U.S. dollar. The downside target of the pair, within the Forex forecast, is the area at 1.3485.
GBP/USD Forecast and Analysis for July 8, 2025
An additional signal in favor of the currency pair decline will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of the fall will be a rebound from the upper border of the bearish channel. A strong growth and breakdown of the resistance area with the price fixing above the level of 1.3705 will cancel the variant with the fall of the currency pair Pound Dollar. This will indicate the breakdown of the resistance level and the continuation of the growth of the pair Pound Dollar to the area at 1.3945. We should expect confirmation of the pair’s fall with the breakdown of the support area and the price closing under the level of 1.3545.
GBP/USD Forecast and Analysis for July 8, 2025suggests an attempt to develop a decline and test the resistance area near the level of 1.3655. Then, the continuation of the quotes decline with the target near the level of 1.3485. An additional signal in favor of the British Pound decline will be a test of the resistance line on the relative strength indicator (RSI). A strong growth of the British Pound against the U.S. Dollar and a breakdown of the 1.3705 area will cancel the downside option. This will indicate the continuation of the pair’s rise on Forex with a potential target above the level of 1.3945.
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